201027450 六、發明說明： 【發明所屬之技術領域】 本發明係有關於金融交易系統及方法，更詳而言之，係有關 於-種剌於t金借f域以及妓職縣㈣金融交易系統 及方法，該金融交易系統及方法使案務單位（例如，銀行）可將欲 招標.賣出之債權，轉讓予信託或特殊目的公司，再以受益權買賣 雙方之同時競標平台方式，藉由受益權競標交易平台而提供給受 ❿益權買方購買。 【先前技術】 目前，一般習知的營業性質的企業融資擔保方式為，一獨立 機構，例如，政府或保險公司，提供信用保證，經由案務單位， 例如’銀行’而提供資金貸放給中小企業。 惟，於目前習知之中小企業資金融資擔保借貸情形下，獨立 參機構’例如，政府，由於採取信用保證基金模式，因而必須承受 借貸金額之五成至八成，甚或，高至九成之風險，而信用保證基 金是獨立機構(例如’政府)未來之或有負債，是故，該獨立機構無 法予以處分，且，由於資金貸放之案務單位(例如，銀行)有獨立機. 構(例如，政府)之信用保證基金之保險保障，因而，常疏於對中小 企業資金借方徵信之道德風險審核，而造成不良債權之情形，且 因保證契約係獨立機構與案務單位之特約，不能隨著債權一併移 轉，使債權缺乏流動性，而案務單位因此無法藉處分債權實現利 201027450 得。 是故’如何尋求一種用於應甩於促成資金借貸以及再融通， 於中小企業資金融資借貸情形下，不以信用保證模式，而讓獨立 機構’例如，銀行總行，保險公司，融資公司，政府成立之基金， 所承支借g金額之風險低於五成甚或更低至一成，且，該獨立機 構(例如’銀行總行，保險公司，融資公司，政府成立之基金)對所 促成之債權以可轉讓的請求權形式存在並能隨時處分，並使案務 ❹單位(例如’銀行)在其疏於徵信時承受或有信用風險，而加強管理 以避免道德風險，且使案務單位與獨立機構將貸款匯總成債權目 錄(P ’ portfolio)，再以較低報酬率將受益權賣斷，而可立即實現 ' 債權風險溢價差額的資本所得，因此，提高案務單位進行目標群 - 體貸款的意願，乃是待解決的問題。 【發明内容】 參本發明之主要目的便是在於提供一種金融交易系統及方法， 係應用於促成資金借貸以及受益權競標平台環境中，該金融交易 系統及方法使獨立機構匯集與其合作的各案務單位(銀行)贷放的 至少一筆之債權，成為一債權目錄(P，portfolio)，並將該債權目 錄以清償期限、信用評級再分級，藉由受益權競標交易平台而同 時提供給不同期間偏好、風險偏好的投資方購買。 本發明之又一目的便是在於提供一種金融交易系統及方法， 係應用於促成資金借貸以及受益權競標平台環境中，於中小企業 201027450 資金融資借貸情形下，不以信用保證基金模式，而讓獨立機構(例 如’銀行總彳τ，保險公司’融資飼，政府成立之基金)所承受風 險低於借壯額五越歧魅—成及/或—成以下，由於為受益 權賣方之獨立機構(例如，銀行總行，保險公司，融資公司，政府 成立之基金)的債權並非個案擔保之型式，因而，不會產生如信用 保證基金般在絲須對潛在違約債務人代位清償致產生或有負債 的問題，而可避免獨立機構提供信賴證面臨不確定風險之弊。 9 本發明之再-目的便是在於提供一種金融交易系統及方法， 係應用於促成資金借貸以及受益權競標平台環境中，獨立機構對 其促成之_取得或有稱請求權，而能_處分，又使合作的 案務單位(銀行)對債權目錄未達一定信用評級標準的部分承受信 '用風險，因此會加強管理以避免道德風險。 本發明之另-目的便是在於提供—種金融交㈣統及方法， 係應用於促成資金借貸以及受益權競標平台環境中，案務單位(銀 ⑩行)及獨立機構訂定利帛(含風險溢價)的債權，一部分能以較低報 酬率以受益獅式賣斷’而可立即實現處分債獅所得，因此， 提南案務單位(銀行)進行中小企業資金融資借貸意願。 本發明之另一目的便是在於提供一種金融交易系統及方法， 係應用於促成資金借貸以及受益權競標平台環境中，使案務單位 (銀行)賴立機構根據信断級機構的等級核定，及受益權潛在買 方的出價進行市場測試’據以調整對後續貸放的債信品質要求， 並調整利率，以實現利潤。 201027450 本發明之另一目的便是在於提供一種金融交易系統及方法， 係應用於促成資金借貸以及受益權競標平台環境中，使該獨立機 構既能同時運用多個案務單位，作為其業務通路，又能以同一標 準要求各S務單位承擔肇_其管理品質的信賴險，並使各案 務單位的報價利率互相競爭。 為說明本發明提供的系統，須進一步說明交易相關的法律關 係及達成發明目的的機制。 © 鎌單位對籌資人’於其撥付貸款金額後產生債權。獨立機 構基於與案務單位的損益分配約定，對該債權負出資義務，並因 此與該案務單位共有對該債權的收益及處分權利。 - 仏權目錄係匯集該獨立機構與各合作案務單位所共有債權之 資產組群。債權目錄以財產權移轉的形式分成：⑴轉讓債權以成 立信託’或(2)轉讓債權予以經營債權目錄轉讓為目的，並可發行 證券之公司。 Φ 金融資產權利人可透過證券賣出其對債權目錄的權益。採信 託者’為其受娜證券；婦殊目的公料，為其發行之證券。 金融資產制人也可以在其從魏範_讀權目錄信託 的受益權，或以私募方式銷售債權目錄公司證券。 不論制何種途徑’賣方均須依序完成：債權規格設定、債 權目錄規格奴、«目賴益分财式設定、權益定價、發行 申請、權益交易，及權利轉讓程序。由於這是單向不可回復修改 的法律程序。因此’賣方在執行程序過程中如偏離市場需求，或 201027450 訂價錯誤，將使蒙受損失。 若賣方於此過程中，預知市場反應，也為了使其所洽買方能 對債權目錄相關規格設定，以其需求價格（或利率）反應其偏好， 買方進而調整其原始資產形成的決策，則前述風險將降低，也就 疋說，可以使債權目錄符合市場需求，避免賣方資金投入於錯誤 資源。此即可達成本發明的目的。 債權目錄(P ’ portfolio)相關規格包括： 1.借貸契約的規格：包括本金、期間、利率、保證、當事人共 同或連帶規定。 - 2.債權轉讓的規格：包括後手對前手追鎌之有無、前首對後 • 手的贼擔保責任、賣回、轉讓後債務人違約時追索工作的 分配、全部或部分轉讓、部份轉讓者其損益分配特約、該損 益分配係個別計算或以債權目錄為單位計算。 鲁3·債權目錄形式：信託受益權或特殊目的公司證券、公開發行 或私募、上市否。 4.投資人對債權目錄的權益性f :單—麵共職權益、差別 性權盃（如分配順位）。 避債權__格編目當大，而原崎產之訂價(利率). =钱益權的訂價(收益率)二者息息相關，也是金融姆 成至形成債權目錄受益權1 -t久’提南業者的驗。本系統使多個作業(m 201027450 U恤取)’進行’紐—程序的提前資訊反饋，調 '整進行中的前-程序内容、規袼，以降低風險。 • 每案務早位(銀行)-段期間内，經獨立機構出資包底促成贷 放的債權各自形成一債權目錄。由於各案務單位各自作徵信、授 信，各債權目錄的債信品質不—餘同，因此，經-獨立信用評 級機構於各案務單位債權目錄形成過程中設定並調整各債權目錄 信評等級比率分配。並於此期間結束後，匯集各案務單位債權目 ❹錄達-定信評等級的比率成為_總債權目錄。未達該比率者又依 該獨立機構與案務單位的損益分配契約，分屬於該獨立機構及該 •案務單位。也就是說，各案務單位(銀行)分債權目錄的信託財產是 債權而匯人總債權目錄的彳目託財產是分債權目錄達信用評 . 級的受益權。 ° ° 於匯集成總債權目錄後’考慮仍有部分未達一定信用評級受 益權未匯入總債權目錄，債權轉讓至分債權目錄時約定贷放的案 ❿務單位負責收取債權，並於債務人違約時，行使追索權。因而y 資放的案務單位由利息收入中應分配到手續費。 該損益分配契約為該獨立機構與案務單位合作關係的一部 分。該損益分配契約尚包括未匯人債權目錄部分而胁案務單位 的分債權目錄受益權與該獨立單位出資包底所取得分債權目錄受 益權’於債權受償並辦理分配時的先後順序。 該損益分配契約應包括鋪立是否於貸放時向債務人收取報 酬，或在借貸契約存續期間由利息中優先收取的報酬。 201027450 上述說明為： 1. 建立該獨立機構與各案務單位的權利義務關係。 2. 案務單位貸放對象的範圍、貸放條件的範圍。 3. 形成各案務單位間的競爭關係。 4. 組成分債權目錄’該獨立機構及該案務單位的權利，及進 -步將分債權目錄優先分配受益權難成總債權目錄的辦 法。 ❹ 5.、組成總債權目錄，其受益權銷售價位決定權及利益歸屬。 0.確認受預約交易及受雜轉讓交易的契約標的。 根據以上所述之目的，本發明提供一種金融交易系統，該金 融交易系統包含受益權交易訊息傳送/接收模組、受益權交易處理 模組、以及債權資料庫。 受益權交易訊息傳送/接收模組’該受益權交易訊息傳送/接士 參 模組係將由受益權交易處理模組所提供之來自於債權資料庫的債 權目錄及/或債權相關資料展現於受益權競標交易平台，例如，潘 覽器畫面，藉以讓於投資端之—個以上之受益顧方，能同時及 或不同時躺受雜聽交奸台，而對雜目錄進行_、競 標;該受益權交易訊息傳送/接收模組用以接收來自於該一個以上 之受益權買方_及/或不同時所傳送的—筆以上之聽受益權交 易訊息，並將該-筆以上之競標受益權交易訊息傳送至受 易處理模組。 受益權交祕理模組，該受益權交易處理模组於接收到該— 201027450 筆以上之競標受益權交易訊息之後，_—筆以上之競標受益權 '交易訊息進行處理，將債權目驗-個以上之驗方式，而將該 •債權目錄標售給於投資端之—個以上之受益權買方，該受益權交 易處理模組並將該債權目錄標躲果f料予·存於債權資料庫 '内。 _ 債權資料庫，該債權資料庫用以儲存債權目錄所含一筆以上 之債權資料鐵債權_ :雜，其巾，該—筆社之債權資料及/ β或債樹目·料由受益歡祕雜組所產生，及/或，由該金融 交易系統外部所輸入並予以儲存，端視實際施行情況而定。 自於本發明之金融交n統以受益權買#雙方之畴競標平 台方式’因而’可讓受益權賣方獲得最大之債權目錄標售利益。 糊本發明之金融交易纟、統，以進行金融交易方法過程時， 係應用於促成資金借貸以及受益觀標平台環境中，將一筆以上 之債權貧料及/或債權相關資料存入債權資料庫，以進行後續之受 ❹益權買賣雙方之同時競標動作。該一筆以上之債權資料及/或債權 相關資料為，由受益權交易處理模組所產生，及/或，由該金融交 易系統外部所輸入’端視實際施行情況而定，其中，每一筆債權 貝金額度由為放款債權方之案務單位(銀行)所提供之額度、以及獨 立機構(例如’蹄總行’保險公5]，融資飼，政府駐之基金） 所提供之額度所組成，在此’獨立機構所提供之額度所佔之百分 比為低於50%，且並非為個別保證，而讓獨立機構所承受借贷金 額之風險低於五成甚或更低至—成，由於獨立機構並未對每筆債 201027450 權提供保證，因而，不會產生如信用保證基金般在未來須應付或 有負債的問題’而可避免獨立機構提供信聰證之弊。獨立機構 以㈣包絲魅料位共有個，*可或有樹並能隨時處 分。為放錄權方之案鱗位(騎)將其姐雜卿朗該單位 債權目錄’扣除該獨立機構包底額度，所得優先分配的受益權經 信用評級後’部份額度低於一定評等(例如A級)者，該額度由該 案務單位承受，柯與其储務單㈣—定料的龍目錄權益 ❿合組更大債權目錄’並透過平台出售。案務單位管理不善，致信 用風險提高者’彡貞自行承受該朗驗，因此會加鮮理以避免 道魏險。域款縣債财之案解位(崎)雜高㈣之授信 ’門楹’即可提升其貸放部分債權目錄高信用評級的比率，致降低 .受益權售出的收益率，或提高貸款的利息(含較高的風險溢價），以 擴大利率與收益率的利差，即可實現處分債權的利得。也就是說， 銀行以獨立機構_出資包底的資金及事後出售受益權给投資人 ❹取得的資金承倾f放f務’如將受益敎全_即收回全部資 金，不僅出錢不負擔侧風險’還可收取服務#，並可和該獨 立機構分享處分·_得，因此，可提高為放款債權方之案務 單位(銀行)進行中小企業資金融資借貸意願。 當該-筆以上之債觀/或債獅料存讀機料庫後， 信用評級麟’對每-案務單㈣分個目錄作獨立娜，並依 清償期限、分配次序作侧評級。如三、四、五年_債權的債 權目錄，最先分配的三年期某一比率投資額為鳩級，次分配的 11 201027450 四年期某一比率投資額為AAA級，再次分配的五年期某一比率投 貧額為AAA級，再次分配的五年期某一比率投資額為^級，再 次分配的五年期某一比率投資額為A級，再次分配的五年期某一 比率#又負額為A級以下’且此各比率的總合為獅％ (内含該獨立 機構出資包底比率）。 如該獨立機構規定僅接受各案務單位一定評級以上受益權， 組成總債權目錄，翁-案務單位在截止日前，會健評結果調 參整自己貸放的門檀。也就是說，評級過高者降低贷放門檀；評級 過低者提高貸放門檻。 於截止日’各案務單位將債權轉讓鍾託，絲得信託受益 權。依信用評級結果，所取得各分配順位受益權❸比率等於其各 •自債權目錄，各期限/信評的分配比率。 錢止日並且細恤確找，當該—紅上之健及 ，相《料存人債權#料庫後，各案務單位將可開始進行受 β貝買雙方之預約交易，而在信用評級確定後，該獨立機構及各 =成猶權目較_方，嫩益侧雙方同時競 為使預約交易順利進行，限讀格的買方 度内’可以報價作_約。接受其 在 =予_ 匚…每報價，即形翻目料麵 價’並且反騎—祕嶋_輪量" 案務早斷依物_逐龜、形，作自己 12 201027450 後續授信門權、期限選擇、利率訂價的參考.依據。 信用評級確定後’匯總各案務單位形成的債權目錄，並扣除 案務單位預約銷售的部位，集合競價買賣各期限/評級受益權。藉 由受益權競標交易平台而同時提供給一個以上之受益權買方報價 購買;同時也提供每個案務單位報價出售。 丈证權父易訊息傳送/接收模組係將由受益權交易處理模組所 提供之來自於債權資庫的債權目錄及/或債權相關資料展現於受 ❹益觀標交好台’例如，戦器晝面，藉以讓於投資端之一個 以上之受益權買方，朗喊不同時藉由受益權競標交易平台， 而對債權目錄進行職、競標。繼而，受益權交易訊息傳送/接收 模組接收來自於投資端之該一個以上之受益權買方所傳送的一筆 .以上之競標受益歡易訊息，並將該—筆以上之競標受益權交易 訊息傳送至受益權交易處理模組。最後，受交易處理模組於 接收到該一筆以上之競標受益權交易訊息之後，對該-筆以上之 ❹观“心權父易訊息進行處理，將債權目錄按—個以上之順位方 式’兩將該債權目錄標售給於投資端之一個以上之受益權買方， 該受益權交易處理模組並將該債權目錄標售結果資料予以儲存於 債權資料庫内。 本系統旨在提供當交易人之間無法事先達成確定協議，或是 在交易當時無法_價成交時，—健爭、開放較易架構，使 〜獨立機構i衫健務單位合作，使各案務單錄爭，而不須 針對尚未發生的債權1 丁下明確完整的交易條件，或在債權發生後 13 201027450 必須即刻轉定交易條件，也可以進行合作。也就是說’此-系統 糸元JE_確疋父易或限時議價成交的備案，因而，系統使用者可以 省略前述作業流程之任一要素。 爲使熟悉該項技藝人士瞭解本發明之目的、特徵及功 效，茲藉由下述具體實施例，並配合所附之圖式，對本發 明詳加說明如後： 【實施方式】 第1圖為一系統示意圖’用以顯示說明本發明之金融交易系 統的系統架構。如第1圖中所示之’金融交易祕i包含受益權 交易訊息傳送/接收模組2、受益權交易處理模組3、以及債權資料 庫4。. 嗳益權父易訊息傳送/接收模組2，該受益權交易訊息傳送/接 收模組2係將由受益權交易處理模組3所提供之來自於債權資料 庫4的債權目錄(未圖示出)及/或債權相關資料(未圖示出)展現於 受益權只兄4示乂易平台(未圖示出）’例如，瀏覽器晝面，藉以讓於投 資端之-個以上之受鄕買方(未圖示出），能同贼不同時藉由受 益權競標交易平台，而對債權目錄進行潘】覽、競標;該受益權交易 訊息傳送/接收模組2用以接收來自於該一個以上之受益權買方所 傳送的一筆以上之競標受益權交易訊息(未圖示出），並將該一筆以 上之競才示受益權父易訊息傳送至受益權交易處理模組3。 受益權交易處理模組3，該受益權交易處理模組3於接收到誘 201027450 -筆以上讀標受益敎㈣息之後，職—筆以上之競標受益 權交易汛息進行處理，將債權目錄按一個以上之順位方式，而將 δ亥1貝權目錄標售給於投資端之一個以上之受益權買方，該受益權 交易處理模組3並將該債權目錄標售結果資料予以儲存於債權資 料庫4内。 債權資料庫4，該債權資料庫4用以儲存一筆以上之債權及/ 或債權相關資料，其中，該一筆以上之債權及/或債權相關資料由 ❹爻益權父易處理模組3所產生，及/或，由該金融交易系統工外部 所輸入並予以儲存’端視實際施行情況而定。 由於本發明之金融交易系統1以受益權買賣雙方之同時競樣 平台方式，因而，可讓債權賣方獲得最大之債權標售利益。 - 第2圖為一流程圖，用以顯示說明利用本發明之金融交易系 統以進行金融交易方法的流程步驟。如第2圖中所示之，首先， 於步驟11，於資金借貸以及受益權競標平台環境中，將一筆以上 〇之債權及/或債權相關資料展現於受益權競標交易平台(未圖示 出）’例如，瀏覽器晝面，藉以讓於投資端之一個以上之受益權買 方(未圖示出），能同時或不同時藉由受益權競標交易平台，而對債 權目錄進行瀏覽、競標，並進到步驟12。 於步驟12，於接收到該一筆以上之競標受益權交易訊息之 後，對該一筆以上之競標受益權交易訊息進行處理，將債權目錄 按一個以上之順位方式，而將該債權目錄標售給於投資端之—個 以上之受益權買方。 15 201027450 第3圖為一流程圖，用以顯示說明第2圖中之利用本發明之 金融交易系統以進行金融交易方法的更詳細流程步驟。如第3圖 中所不之，首先’於步驟21，於資金借貸以及受益權競標平台環 境中，在中小企業資金融資借貸情形下，將一筆以上之債權及/或 債權相關資料儲存於債權資料庫4，以進行後續之資金借貸雙方之 同時競標動作’該一筆以上之債權及/或債權相關資料由受益權交 易處理模組3所產生，及/或，由該金融交易系統1外部所輸入並 ❹予以儲存，端視實際施行情況而定，並進到步驟22。 於步驟22 ’當該一筆以上之債權及/或債權相關資料存入債權 貪料庫4後’進行後續之資金借貸雙方之同時競標流程，為放款 債權方之案務單位(銀行)可將欲招標賣出之每筆債權，以受益權買 ‘ 賣雙方之同時競標平台方式，藉由受益權競標交易平台而同時提 供給一個以上之受益權買方購買;受益權交易訊息傳送/接收模組2 係將由嗳益權交易處理模組3所提供之來自於債權資料庫4的債 參權目錄及/或債權相關資料展現於受益權競標交易平台，例如，瀏 覽器畫面，藉以讓於投資端之一個以上之受益權買方，能同時或 不同時藉由丈益權競標交易平台，而對債權目錄進行瀏覽、競標， 並進到步驟23。 於步驟23 ’受益權交易訊息傳送/接收模組2接收來自於投資 端之該-個以上之受益權買方所傳送的一筆以上之競標受益權交 易訊息，並將該一筆以上之競標受益權交易訊息傳送至受益權交 易處理模組3，並進到步驟24。 16 201027450 於步驟24 ’受益權交易處理模組3於接收到該一筆以上之競 標受盈權交易訊息之後，對該一筆以上之競標受益權交易訊息進 行處理，將債權目錄按一個以上之順位方式，而將該債權目錄標 售給於投資端之一個以上之受益權買方，該受益權交易處理模組 並將該債權目錄標售結果資料予以儲存於債權資料庫4内。 第4圖為一示意圖，用以顯示說明如第1圖中本發明之金融 父易系統的一實施例。如第4圖中所示之’位於飼服器5中的金 • 融交易系統1包含受益權交易訊息傳送/接收模組2、受益權交易 處理模組3、以及債權資料庫4，在此，該金融交易系統广之受益 權父易訊息傳送/接收模組2及/或受益權交易處理模組3以硬體及 • /或韌體及/或軟體之型式來予以施行，端視實際施行情況而定。 - 受益權交易訊息傳送/接收模組2，該受益權交易訊息傳送/接 收模組2係將由^:益權交易處理模經3所提供之來自於債權資料 庫4的債權目錄401(如第5圖中所示之)及/或債權相關資料4〇2(如 ©第5圖中所示之)展現於位在投資端6之電腦勞幕6〇ι的受益機 標交易平台602上’例如，該受益權競標交易平台為劉覽器 畫面，藉以讓於投資端6之-個以上之受益權買方7，能同時或不 同時藉由受益權競標交易平台6〇2，而對債權目錄4〇1 (如第$圖中 所示之)及/或債權相關資料402(如第5圖中所示之)進行職、競 標;該受益權交易訊息傳送/接收模組2用以接收來自於該一個以上 之受益權買方7所傳送的—筆以上之競標受益權交易訊息7〇ι，並 將該-筆以上之競標受益權交易訊息7〇1傳送至受益權交易處理 17 201027450 模組3。 受益權交易處理模組3，該受益權交易處理模組3於接收到該 一筆以上之競標受益權交易訊息701之後，對該一筆以上之競標 受益權交易訊息701進行處理，將債權目錄401按一個以上之順 位方式，而將該債權目錄4〇1標售給於投資端6之一個以上之受 益權買方7 ’該受益權交易處理模組3並將該債權目錄標售結果資 料403予以儲存於債權資料庫4内。 © 該債權資料庫4用以儲存一筆以上之債權401及/或債權相關 資料402 ’其中’該一筆以上之債權4〇ι及/或債權相關資料4〇2 由受益權交易處理模組3所產生，及/或，由該金融交易系統j外 部所輸入並予以儲存，端視實際施行情況而定。 - 第5圖為一示意圖，用以顯示說明如第1圖中本發明之金融 交易系統的債權目錄維護情形。 該圖之說明如下： e 1·獨立機構與隸單位為合作_、：歸單位齡、完成契 約、撥發貸款，獨立機構則就案務單位撥貸金額，出資其 y比率。 2. A案務單位撥貸給債務人甲後，將對甲之債權登錄於系統 資料庫。該資料同時出現於資料庫Pa及p。 3· &為案務單位A，以此祕貸放的債權目錄，P為匯總各 201027450 案務單位別債權目錄。 4. 獨立機構就債權目錄撥款y比特金給案務單位後，取得 債權目錄所列債權y比率受益權。 5. 籌資人曱選擇案務單位請，因此，案務單彳b， 之間為競爭關係。 ❹ 動作501動作502為曦價/徵信動作，其中，動作5〇ι為成 交而動作5〇2為不成交;動作5〇3為撥貸後之鍵入㈣娜賣權目錄; 動作504為讀取;動作505為出資之案務#金額乘上乂。‘， ® 6 ®為-不意® ’示卿應用本發明之金融交易系 統的案務單位別債權目錄總回收金額之分配順位。 該圖之說明如下： 1· PA為至少一筆以上債權的債權目錄。 魯 2. A就各債務人實際支付的本金、利息，匯總入回收金額 (Payback)帳戶。 3.債權目錄受益權，以就總回收金額受分配的順序，作區隔。 待前順位受足額分配後，次一順位受益權方可受分配 (waterfall)。 4·同一彳貝權目錄較優先受償者，其回收風險必然小於較後回收 者。 5.最先受償者為ΤΙ，T2次之’ T3再其次，以至於TE(equity 201027450 tranche) ° 6.信用評級機構就各案務單位別債權群組(Pa，ρβ，pc，..）， 以同一標準核定其τι’ T2,…，TE的比率，且T1+T2 + ... +TNR= 1 ° 7·也献說，不随務單位別債權目錄的同—齡受益權，都 低於相同的風險門檻，如T1為違約機率低於〇 〇〇1%者； T2為違約機率0.001% _ 者；T3為違約機率〇 〇ι% _ ❹ 1%者；ΤΕ為違約機率大於1%者。 8. 當案務單位別債權目錄内債權品質不佳時，可能其同一標準 的優先順位受益權比率為〇。 9. 案務單位Α的各順位受益權為：τ1α，Τ2α， ，τΕα， • 且 τ1α + Τ2α+...+ ΤΕα=Ρα。 10. 獨立單位與案務單位事先，就獨立單位之出資y比率所 取得受益權已有約定。如：獨立機構取得(PA*y)受益權，依 ® 序自TEa往前，並取得其餘PV(i-y)]受益權的銷售溢價。 11. 將各案務單位—定風險門檻的歸單位別受益權匯總，此 一匯總受益權稱為TlpOTtfoli。。 12. 若TEA > (PA * y)，使得獨立機構僅取得部分TEa，剩餘的 tea&不與其他案務單位的TEb，TEc，…匯總。 第7圖為一示意圖，用以顯示說明應用本發明之金融交易系 、、充而使用人疋彳平機構及案務單位的互動關係。 以下之說明為受益權内容的變化： 20 201027450 1·第6圖說明截止後的順位安排。但，案務單位於業務期 間内，隨著其債權目錄的擴大，其債權的整體品質可能 提高或降低’因此各順位的比率也跟著變動。 2.當C在貸放5,000,000,000後，發現信評機關核定的TEc 達到13% ’因此’決定在截止期限前，提高後續貸放債 信門檻。 © 3.至截止期限，C後續又貸放15,000,000,000，就整個期間 的Pc (20,000,00〇,〇〇〇) ’信評機關核定的TEc降為9%。 4. TEC = 20,000,000,000 * 9% = < (PA * y) = 20,〇〇〇,〇〇〇,〇0〇 * 10% ’所以案務單位c可以將全部債權除分給獨立機構 9%外，並且將其餘91%債權與其他案務單位的合格債權 共組受益權，集中競價銷售。 修 5.在截止曰後，債權目錄内容已經確定，各順位的金額及 比率也就固定。但信評機構在受益權存續期間，可以就 已確定的各順位別受益權調高或調低信評等級(如 T2pOTtfoli。由AA級調降為A級），但此係事後調整與案務 單位的授信決策及本平台受益權交易並無關係。 第8圖為一示意圖，用以顯示說明如第】圖中本發明之金融 交易系統的另一運作情形。 21 201027450 該圖之說明如下： L &麟賣方為案務單位(A，B，.·.）及獨立機構；交易 心的為案務單位別Pa或匯總後p的ΤΙ，T2，…受益 權，也可以是某一案務單位(如A)所有的TEA受益權，或 獨立機構所有的各TEA’ TEB，…。 2.焚ϋ權買方由多方參與。 ❿ 3.平台以標的匯總各種受益權賣方（A，Β，…及獨立機 構）交益權出售報價（金額或利率）及各種受益權買方 報價（金額或利率），並執行撮合。 錄本發明之金融交衫統丨以受益權f賣雙方之同時競標 平台方式，因而，可讓受益權賣方獲得最大之債權標售利益。 於以上之該些實施例，其中，受益權交易訊息傳送/接收模組 及/或受益權交易處理模組及/或債權資料庫，為位於同一伺服器 φ 内，抑或，可位於不同之伺服器内，以硬體及/或韌體及/或軟體之 型式來予以施行’端視實際施行情況而定。 綜合以上之實施例，我們可以得到本發明之一種金融交易系 統及方法，係應用於對銀行貸款零售業務的再融通，應用受益權 競標平台，於中小企業資金融資借貸情形下，該金融交易系統及 方法使案務單位(例如，銀行)可將欲招標賣出之債權，以資金借貸 雙方之同時及/或非同時之競標平台方式，藉由受益權競標交易平 台而同時及/或非同時提供給受益權買方購買，也由獨立機構(例 22 201027450 如，銀行總行’保險公司，融資公司，政府成立之基金)分擔資金 及信舰險。該獨立機構麟對侧債務人信贿證，因而，不 會產生如<§用保證基金般在未來須應付或有負債的問題，而可避 免獨立機構提供信贿證之弊，且，促成綺相從事贷放， 而可活絡強化對目標群體(例如：績優中小企業的資本性支出）的融 資。 以上所述僅為本發明之較佳實施例而已，並非用以限定本發 ❹明之關;凡其它未麟本發明賴示之精神下所完成之等效改變 或修飾，均應包含在下述之專利範圍内。 【圖式簡單說明】 第1圖為一系統示意圖，用以顯示說明本發明之金融交易系 統的系統架構； 第2圖為一流程圖，用以顯示說明利用本發明之金融交易系 _ 統以進行金融交易方法的流程步驟； 第3圖為—流程圖，用以顯示說明第2圖中之利用本發明之 金融父易系統以進行金融交易方法的更詳細流程步驟； 第4圖為一示意圖，用以顯示說明如第i圖中本發明之金融 父易系統的一實施例； ^第5圖為一示意圖，用以顯示說明如第i圖中本發明之金融 乂易系統的債權目錄維護情形； 第6圖為—示意圖,用以顯示說明應用本發明之金融交易系統 23 201027450 的案務單位別債權目錄總回收金額之分配順位. 第7圖為一示意圖，用以顯示說明應用本發明之金融交易系統， 而使用人是信評機構及案務單位的互動關係;以及 第8圖為一示意圖，用以顯示說明如第丨圖中本發明之金融交 易系統的另一運作情形。 【主要元件符號說明】 I 金融交易系統 ❹ 2 受益權交易訊息傳送/接收模組 3 受益權交易處理模組 4 債權資料庫 5 伺服器 ' 6 投資端 7 受益權買方 8 前端伺服器 ® 9後端飼服器 II 12 步驟 21 22 23 24 步驟 41債權 42債權相關資料 43受益權標售結果資料 61電腦螢幕 24 201027450 62受益權競標交易平台 71競標受益權交易訊息 401債權 402債權相關資料 501 502 503 504 505 動作 601電腦螢幕 602受益權競標交易平台 參 701競標受益權交易訊息 甲籌資人 A 案務單位 B 案務單位 . C 案務單位 P 匯總各案務單位別債權目錄201027450 VI. Description of the Invention: [Technical Fields of the Invention] The present invention relates to a financial transaction system and method, and more particularly, to a financial transaction system of the 金金借 borrowing domain and the 妓职县(四) And a method, the financial transaction system and method enable a transaction unit (for example, a bank) to transfer a credit to be tendered or sold to a trust or a special purpose company, and then use the beneficiary right to bid and sell the platform simultaneously by the bidder The beneficiary rights bidding trading platform is provided to the buyer of the right to purchase. [Prior Art] At present, the generally known business-type financing guarantee method is that an independent institution, such as a government or an insurance company, provides credit guarantees, and provides funds to small and medium-sized enterprises through a transaction unit such as 'bank'. enterprise. However, under the current situation of SME financing and financing guarantees, independent institutions “for example, the government, due to the adoption of the credit guarantee fund model, must bear the loan amount of 50% to 80%, or even up to 90% of the risk. The credit guarantee fund is the future contingent liability of an independent institution (such as the 'government'). Therefore, the independent institution cannot dispose of it, and because the lending unit (for example, the bank) has a separate machine (for example, , the government's credit guarantee fund insurance protection, therefore, often neglect the audit of the moral hazard of the credit lenders of small and medium-sized enterprises, resulting in bad debts, and because the guarantee contract is an independent agency and the special unit of the case, can not As the creditor's rights are transferred together, the creditor's rights lack liquidity, and the case unit can't borrow the creditor's right to realize the benefit of 201027450. Therefore, how to seek a kind of application for facilitating capital lending and refinancing, in the case of SME financing and lending, does not rely on credit guarantee mode, but allows independent institutions 'for example, bank head office, insurance company, financing company, government For a fund established, the risk of borrowing a l amount is less than 50% or even as low as 10%, and the independent institution (such as 'bank head office, insurance company, financing company, government-established fund') Exist in the form of a negotiable claim and can be disposed of at any time, and strengthen the management to avoid moral hazard and avoid the moral hazard of the unit (such as the 'bank) in the risk of negotiating the letter, and make the case Incorporate the loan into a creditor's list (P' portfolio) with an independent institution, and then sell the beneficiary right at a lower rate of return, and immediately realize the capital gain of the 'debt risk premium difference. Therefore, improve the target unit for the target group- The willingness to make a loan is a problem to be solved. SUMMARY OF THE INVENTION The main purpose of the present invention is to provide a financial transaction system and method for use in a fund lending and beneficiary bidding platform environment, the financial transaction system and method for an independent organization to collaborate with each other At least one creditor's right of the business unit (bank) is a list of creditor's rights (P, portfolio), and the creditor's rights list is reclassified by the settlement period and credit rating, and simultaneously provided to different periods by the beneficiary bidding trading platform. Investors who prefer preferences and risk preferences. Another object of the present invention is to provide a financial transaction system and method, which are applied to the environment of fund lending and beneficiary bidding platform, and in the case of small and medium-sized enterprises 201027450 fund financing and lending, not by the credit guarantee fund model, Independent institutions (such as 'bank total 彳τ, insurance company' financing feed, the government-established fund) are less risky than the borrowing of the five-figure ambiguity - and / or - into the following, due to the independent agency of the beneficiary seller (For example, the head office of a bank, an insurance company, a financing company, a fund established by the government) is not a type of case guarantee. Therefore, it does not generate a contingent liability in the case of a credit guarantee fund for the liquidation of a potential defaulting debtor. Problems, and can avoid the disadvantages of independent organizations providing trustworthy risks. 9 The re-purpose of the present invention is to provide a financial transaction system and method for applying to a fund lending and beneficiary bidding platform environment, in which an independent institution obtains or claims a claim, and can Moreover, the cooperating case unit (bank) will bear the risk of using the credit rating standard for the part of the creditor's catalogue, so it will strengthen management to avoid moral hazard. Another object of the present invention is to provide a financial intercourse (four) system and method for applying to the fund lending and beneficiary bidding platform environment, the transaction unit (bank 10) and the independent institution to set the profit (including Part of the risk premium), which can be sold at a lower rate of return to benefit the lion-style, can immediately realize the disposition of the debt-bearing lions. Therefore, the Timan case unit (bank) will be willing to borrow funds for SME financing. Another object of the present invention is to provide a financial transaction system and method for applying to a fund lending and beneficiary bidding platform environment, so that the litigation unit (bank) is based on the rating of the credit rating agency. And the bidding of the potential buyer's bid for the market test's basis to adjust the credit quality requirements for subsequent lending, and adjust the interest rate to achieve profit. 201027450 Another object of the present invention is to provide a financial transaction system and method for facilitating fund lending and beneficiary bidding platform environment, so that the independent organization can simultaneously use multiple transaction units as its business path. It is also possible to require the S-units to bear the reliance risk of their management quality by the same standard, and to make the quotation rates of the various transaction units competing with each other. In order to illustrate the system provided by the present invention, it is necessary to further explain the legal relationship related to the transaction and the mechanism for achieving the purpose of the invention. © 镰 The unit generates a claim against the fundraiser after it has paid the loan amount. The independent agency is responsible for the creditor's rights based on the profit and loss distribution agreement with the transaction unit, and therefore shares the proceeds and disposal rights of the creditor with the litigation unit. - The 仏 right directory is an asset group that aggregates the claims shared by the independent institution and each cooperative transaction unit. The creditor's rights list is divided into the form of transfer of property rights: (1) the transfer of creditor's rights to establish a trust' or (2) the transfer of creditor's rights to the transfer of the business creditor's catalogue, and the company that can issue securities. Φ Financial asset holders can sell their rights to the creditor's directory through securities. The trustee is referred to as the securities of the company, and the securities issued by the women. Financial asset producers may also sell creditor company securities in their rights from the Wei Fan_Reading Rights Trust or in private placement. Regardless of the approach taken, the seller must complete the order in detail: the definition of the creditor's rights, the specification of the credits, the definition of the profit, the pricing of the equity, the application for issuance, the transaction of the equity, and the procedure for the transfer of rights. This is a legal procedure for one-way non-recoverable modifications. Therefore, the seller will suffer losses if it deviates from the market demand during the execution of the procedure, or if the pricing is wrong in 201027450. In the process of the seller, in anticipation of the market reaction, and in order to enable the buyer to negotiate the relevant specifications of the creditor's catalogue, to reflect its preference at its demand price (or interest rate), and the buyer then adjusts the decision on the formation of its original assets, the aforementioned The risk will be reduced, which means that the creditor's directory can be adapted to market demand and the seller's funds are prevented from being invested in the wrong resources. This achieves the object of the present invention. The relevant specifications of the P ́ portfolio include: 1. The specifications of the loan contract: including the principal, period, interest rate, guarantee, party common or joint regulations. - 2. The specification of the transfer of creditor's rights: including the presence or absence of the former hand, the first and the last, the thief's guarantee responsibility, the sale, the transfer of the recourse of the debtor after the transfer, the transfer of all or part of the transfer, part of The transferor's profit and loss distribution special, the profit and loss distribution is calculated on a case-by-case basis. Lu 3 · Debt catalogue form: trust beneficiary rights or special purpose company securities, public offering or private placement, listing no. 4. The investor's equity in the creditor's rights list f: single-face joint employment rights, differential rights cups (such as distribution order). The credit avoidance __ Grid catalogue is large, and the price of the original akisaki (interest rate). = The price of the money benefit (return rate) is closely related, and it is also the financial benefit of the formation of the creditor's rights list. The test of the South industry. This system enables multiple jobs (m 201027450 U-shirts to be taken) to carry out the 'news-information's advance information feedback, and adjusts the ongoing pre-procedure content and rules to reduce risks. • In the early morning (bank)-period period, the creditor's rights contributed by the independent institution to form a credit reserve form a creditor's directory. Since each case unit has its own credit and credit, the credit quality of each creditor's directory is not the same. Therefore, the independent credit rating agency sets and adjusts the credit rating of each creditor in the formation of the creditor's directory of each of the litigation units. Grade ratio allocation. At the end of this period, the ratio of the credit rating records of each of the litigants to the rating level will become the _ total creditor directory. Those who do not reach this ratio are also allocated to the independent institution and the litigation unit according to the profit and loss distribution contract of the independent institution and the transaction unit. That is to say, the trust property of the sub-debt list of each case unit (bank) is the creditor's right and the item of the creditor's total creditor's rights is the credit benefit of the credit rating. ° ° After pooling into the total creditor's rights list, 'considering that some of the credit rights that have not reached a certain credit rating have not been remitted to the total creditor's rights list, the creditor's rights are transferred to the sub-debt rights list, and the credit unit is responsible for collecting the creditor's rights, and the debtor is responsible for the debtor. When the contract is breached, the right of recourse is exercised. Therefore, the vesting unit of y should be allocated a handling fee from the interest income. The profit and loss distribution contract is part of the partnership between the independent agency and the case. The profit and loss distribution contract also includes the pre-recruitment creditor's rights and the distribution of the creditor's rights of the sub-dividends of the transaction unit and the entitlement rights of the sub-debt rights obtained by the independent unit's capital contribution. The profit and loss distribution contract shall include whether the payment is to be paid to the debtor at the time of loan, or the priority received from interest during the duration of the loan contract. 201027450 The above explanations are as follows: 1. Establish the rights and obligations of the independent institution and each case. 2. The scope of the loan object of the case and the scope of the loan conditions. 3. Form a competitive relationship between the various cases. 4. Group component creditor's rights The independent institution and the rights of the case, and the step of prioritizing the distribution of the creditor's rights to the list of the total creditor's rights. ❹ 5. Form the total creditor's rights list, and the beneficiary rights shall be determined by the sales price and the interest. 0. Confirm the contract mark of the reserved transaction and the miscellaneous transfer transaction. In accordance with the above objects, the present invention provides a financial transaction system including a beneficiary transaction message transmission/reception module, a beneficiary transaction processing module, and a creditor database. The beneficiary rights transaction message transmission/reception module 'The beneficiary rights transaction message transmission/accessor module will show the benefit list and/or creditor related information from the debt database provided by the beneficiary transaction processing module to benefit The right bidding trading platform, for example, the viewer screen, so that more than one beneficiary party in the investment side can lie at the same time or at different times to listen to the confession, and _, bidding on the miscellaneous catalogue; The beneficiary rights transaction message transmitting/receiving module is configured to receive the beneficiary rights transaction information from the one or more beneficiary rights buyers _ and/or at the same time, and to bid for the beneficiary rights The transaction message is sent to the easy-to-handle module. The benefit management module of the beneficiary rights, after receiving the bidding beneficiary transaction information of more than 201027450, the bidding beneficiary right of the transaction information is processed, and the creditor's rights are checked. More than one test method, and the creditor's rights catalogue is sold to more than one beneficiary buyer of the investment end, the beneficiary transaction processing module and the creditor's catalogue is hidden from the creditor's rights information. Library 'inside. _ Debt database, the debt database is used to store more than one credit information in the creditor's directory. The credit claim is _: miscellaneous, its towel, the credit information of the pen and / / or the debt tree is benefited by the benefit The miscellaneous group is generated and/or imported and stored outside the financial trading system, depending on the actual implementation. Since the financial transaction of the present invention purchases # both sides of the domain bidding platform method by the beneficiary right, the seller of the beneficiary rights can obtain the largest credit list listing interest. In the context of the financial transaction method, the financial transaction method of the present invention is applied to the fund lending and benefit viewing platform environment, and more than one creditor and/or creditor related data is stored in the creditor database. In order to carry out subsequent bidding actions for both the buyer and the seller. The one or more creditor information and/or creditor-related information is generated by the beneficiary transaction processing module and/or by the external input of the financial transaction system, depending on the actual implementation situation, wherein each claim The amount of the ticket is composed of the amount provided by the lending creditor’s case (bank) and the amount provided by the independent agency (such as the 'hoof head insurance' 5), the financing feed, and the government fund. The percentage of the amount provided by the 'independent body' is less than 50% and is not an individual guarantee, and the risk of the independent institution's borrowing amount is less than 50% or even lower, as the independent institution does not Guaranteeing the rights of each bond 201027450, therefore, will not produce the problem of contingent liabilities in the future like a credit guarantee fund', and avoid the disadvantages of independent agencies providing the letter. Independent institutions have a total of (4) wraps, * can be or have trees and can be dispose of at any time. For the case of the right to release the right position (riding), the sister's creditor's rights list will be deducted from the base of the independent institution, and the preferentially distributed beneficiary rights will be credited after the credit rating is lower than the certain rating. (for example, Class A), the amount is borne by the case, and Ke and his bill of care (4) - the book's Dragon Catalogue Rights Group is combined with a larger list of creditors' and sold through the platform. The management of the case is not good, and the letter is increased by the risk-increasing person's own test, so it will add fresh reason to avoid the danger. The case of the domain tax credit case (Saki) Misty (4) credit rating 'threshold' can increase the ratio of high credit rating of its credit card part of the credit card, resulting in lowering the profit rate of the beneficiary rights sold, or raising the loan Interest (including a higher risk premium) to expand the interest rate and yield spreads, you can achieve the benefits of disposition of claims. In other words, the bank will use the funds of the independent institution _ capital contribution and the proceeds of the sale of the beneficiary rights to the investors to obtain the funds to receive the funds, such as will benefit from the full _ that is to recover all the funds, not only the money is not burdened The risk 'can also receive service#, and can share the punishment with the independent agency. Therefore, it can increase the willingness of the lending fund for the lending creditor's case (bank) to finance the financing of small and medium-sized enterprises. After the debt view of the above-mentioned pens or the debt lions are stored in the library, the credit rating Lin’s is independent of each sub-order (four), and is graded according to the settlement period and the allocation order. For example, in the three, four, and five years _ creditor's creditor's rights list, the first allocation of a certain ratio of investment in the three-year period is 鸠, and the sub-allocation of 11 201027450 four-year investment ratio is AAA, and the five assigned again. The amount of investment in a certain period of the year is AAA, and the amount of investment in a five-year period that is re-allocated is ^, and the amount of investment in a five-year period that is re-allocated is A, and the five-year period is again allocated. The ratio #also has a negative amount of A below 'and the total ratio of the ratios is lion% (including the independent institution's contribution ratio). If the independent institution stipulates that only the beneficiary rights of each case unit must be accepted, and the total creditor's rights list is formed, the Weng-Court Unit will adjust the results of the health assessment to the door of the loan. In other words, those who are overrated will lower their lending fees; those who are underrated will raise the threshold for lending. On the deadline, each case unit transferred the creditor's rights to the clock, and the trust benefited. According to the credit rating results, the ratio of each allocated right beneficiary rights is equal to its respective self-debt list, and the distribution ratio of each period/credit. After the money is over and the tasting is sure to find, when the red-based health and the "depositor's creditor's stocks, the various transaction units will be able to start the booking transaction by the beta bet and the credit rating. After the determination, the independent institution and each of the two parties are in a position to make the appointment transaction smooth, and the buyer of the reading limit can be quoted as _about. Accepting it in = _ 匚 每 每 每 每 每 每 每 每 每 每 每 每 每 每 每 每 每 每 每 每 每 每 每 并且 并且 每 并且 并且 并且 并且 并且 并且 并且 并且 并且 并且 并且 并且 并且 并且 并且 并且 并且 并且 并且 并且 并且 并且 并且 并且 并且 并且 并且, the choice of time limit, the reference of interest rate pricing. After the credit rating is determined, the creditor's rights list formed by each of the transaction units is aggregated, and the part of the transaction unit's scheduled sales is deducted, and the bidding price is negotiated for each period/rating benefit. By means of the beneficiary bidding trading platform, it is simultaneously provided to more than one beneficiary buyer for quotation purchase; at the same time, each case unit is offered for sale. The parental information transmission/receiving module will display the creditor's catalogue and/or creditor-related information from the creditor's fund provided by the beneficiary transaction processing module to the benefit of the target. For example, In order to allow more than one beneficiary buyer of the investment side to scream at different times, the beneficiary rights bidding trading platform, and the position and bidding of the creditor's directory. Then, the beneficiary rights transaction message transmitting/receiving module receives a bidding benefit message transmitted by the one or more beneficiary rights buyer from the investment terminal, and transmits the bidding beneficiary transaction message of the above-mentioned pen or more To the beneficiary transaction processing module. Finally, after receiving the transaction information of the bidding beneficiary rights, the transaction processing module processes the information of the "heart and right parent" message, and the creditor directory is based on more than one order. The creditor's catalogue is sold to more than one beneficiary buyer of the investment side, and the beneficiary transaction processing module stores the creditor's catalogue sales result data in the creditor's database. The system is intended to provide the trader There is no way to reach a certain agreement in advance, or when the transaction cannot be priced at the time, the competition is more open and the structure is easier to open, so that the independent organization’s i-shirt health care unit cooperates to make the individual cases record, without For the credit terms that have not yet occurred, the clear and complete trading conditions, or after the creditor’s rights 13 201027450, must immediately transfer the trading conditions, and can also cooperate. That is to say, 'this-system 糸元JE_ 疋 疋 易 or limited time The filing of the bargaining transaction, therefore, the system user can omit any of the above operational procedures. In order to familiarize the person skilled in the art with the purpose and features of the present invention. The present invention will be described in detail by the following specific embodiments, and with the accompanying drawings: FIG. 1 is a schematic diagram of a system for displaying the financial transaction system of the present invention. System architecture. As shown in Figure 1, the 'financial transaction secret i includes the beneficiary rights transaction message transmission/reception module 2, the beneficiary transaction processing module 3, and the creditor database 4. / receiving module 2, the beneficiary transaction message transmitting/receiving module 2 is a creditor catalogue (not shown) and/or creditor related data from the creditor database 4 provided by the beneficiary transaction processing module 3. (not shown) is shown in the beneficiary rights of the brothers (not shown) 'for example, the browser inside, so that more than one of the investors in the investment side (not shown) In the same time, the thief can use the beneficiary right bidding trading platform to conduct a panning and bidding on the creditor's rights list; the beneficiary rights transaction message transmitting/receiving module 2 is configured to receive the buyer from the one or more beneficiary rights. More than one bidding beneficiary right The message (not shown) is sent to the beneficiary transaction processing module 3. The beneficiary transaction processing module 3, the beneficiary transaction processing module 3 After receiving the lure 201027450 - the above-mentioned reading of the bid to benefit from the (four) interest, the post-benefit beneficiary trading suffocation is processed, and the creditor's catalogue is ordered by more than one order, and the δ hai 1 shelling catalogue is sold to The beneficiary transaction processing module 3 stores the credit risk transaction processing module 3 in the creditor database 4. The creditor database 4, the debt database 4 is used for storing More than one creditor's rights and/or creditor's rights information, wherein the creditor's rights and/or creditor's rights related information is generated by the benefit right parent-friendly module 3, and/or by the financial transaction system Enter and store it's depending on the actual implementation. Since the financial transaction system 1 of the present invention has the benefit of the right and the buyer and the simultaneous bidding platform, the credit seller can obtain the maximum credit sales interest. - Figure 2 is a flow chart showing the flow steps for explaining the financial transaction method using the financial transaction system of the present invention. As shown in Figure 2, first, in step 11, in the fund lending and beneficiary bidding platform environment, more than one credit and/or creditor related information is presented on the beneficiary bidding trading platform (not shown) "For example, the browser, in order to allow more than one beneficiary buyer (not shown) on the investment side, can simultaneously or at the same time use the beneficiary rights bidding trading platform to browse and bid on the creditor's catalogue. And proceed to step 12. In step 12, after receiving the one or more bidding beneficiary transaction information, the one or more bidding beneficiary transaction information is processed, and the creditor catalogue is ranked by more than one order, and the creditor catalogue is sold to the creditor catalogue. More than one beneficiary buyer of the investment side. 15 201027450 FIG. 3 is a flow chart showing a more detailed flow chart illustrating the method of using the financial transaction system of the present invention for performing a financial transaction in FIG. 2. As shown in Figure 3, first, in step 21, in the context of fund lending and beneficiary bidding platform, in the case of SME financing and lending, more than one creditor and/or creditor-related information is stored in the creditor's information. Library 4, for the subsequent bidding action of both parties to the borrowing and lending', the creditor's rights and/or claims related information is generated by the beneficiary transaction processing module 3, and/or input by the external financial transaction system 1 And save it, depending on the actual implementation, and proceed to step 22. In step 22 'when the creditor's rights and/or creditor's rights related information is deposited in the debt trespassing bank 4', the subsequent bidding process for both the borrower and the lender is carried out, and the lending unit (bank) of the lending creditor may Each of the claims sold by the bidding shall be purchased by the beneficiary right of the seller's simultaneous bidding platform, and simultaneously provided to more than one beneficiary buyer through the beneficiary bidding trading platform; the beneficiary rights transaction message transmitting/receiving module 2 The debt participation catalogue and/or creditor related information from the creditor database 4 provided by the profit and loss transaction processing module 3 is displayed on the beneficiary bidding trading platform, for example, a browser screen, so that the investment terminal More than one beneficiary buyer can browse and bid on the creditor's rights catalogue at the same time or at the same time through the bidding rights trading platform, and proceed to step 23. In step 23, the beneficiary rights transaction message transmitting/receiving module 2 receives one or more bidding beneficiary transaction messages transmitted by the buyer of the beneficiary rights from the investment terminal, and the beneficiary bidding rights transaction The message is transmitted to the beneficiary transaction processing module 3 and proceeds to step 24. 16 201027450 In step 24, the beneficiary transaction processing module 3 processes the one or more bidding beneficiary transaction messages after receiving the one or more bidding rights transaction messages, and the creditor directory is ranked by more than one order. And the creditor catalogue is sold to one or more beneficiary buyers of the investment terminal, and the beneficiary transaction processing module stores the creditor's catalogue sales result data in the creditor database 4. Figure 4 is a schematic diagram showing an embodiment of a financial parenting system of the present invention as illustrated in Figure 1. As shown in Fig. 4, the financial transaction system 1 in the feeding device 5 includes a beneficiary transaction message transmitting/receiving module 2, a beneficiary transaction processing module 3, and a creditor database 4, here. The financial transaction system has a wide range of beneficial rights, the parental message transmission/reception module 2 and/or the beneficiary transaction processing module 3 is implemented in the form of hardware and/or firmware and/or software, depending on the actual situation. It depends on the implementation. - a beneficiary rights transaction message transmitting/receiving module 2, the beneficiary rights transaction message transmitting/receiving module 2 is a creditor directory 401 from the creditor database 4 provided by the ^: beneficial transaction processing module 3 (eg, 5) and/or credit-related information 4〇2 (as shown in Figure 5) is displayed on the beneficiary target trading platform 602 of the computer screen 6 of the investment terminal 6' For example, the beneficiary bidding trading platform is a viewer screen, so that the buyer 6 of the beneficiary rights of the investment terminal 6 can simultaneously or at the same time use the beneficiary right bidding trading platform 6〇2, and the creditor directory 4〇1 (as shown in Figure $) and/or credit-related information 402 (as shown in Figure 5) for job and bidding; the beneficiary transaction message transmitting/receiving module 2 is used to receive The beneficiary rights transaction message 7〇ι transmitted by the one or more beneficiary rights buyer 7 and transmitted to the beneficiary transaction processing 17 201027450 module 3. The beneficiary rights transaction processing module 3, after receiving the one or more bidding beneficiary rights transaction messages 701, the beneficiary rights transaction processing module 3 processes the one or more bidding beneficiary rights transaction messages 701, and presses the creditor rights list 401 More than one order, and the debt list 4〇1 is sold to one or more beneficiary rights buyer 7 of the investment terminal 6 'the beneficiary transaction processing module 3 and the credit title listing result data 403 is stored In the creditor database 4. © The Debt Repository 4 is used to store more than one credit 401 and/or credit related information 402 'where 'more than one credit 4 〇 and/or credit related information 4 〇 2 by beneficiary transaction processing module 3 Generated, and/or entered by the financial transaction system j and stored, depending on the actual implementation. - Fig. 5 is a schematic view showing the maintenance of the debt list of the financial transaction system of the present invention as shown in Fig. 1. The diagram is as follows: e 1·Independent institutions and the units are cooperative _,: return to the unit age, complete the contract, and allocate loans, and the independent institutions allocate the loan amount to the transaction unit and contribute the y ratio. 2. After the A transaction unit has transferred the loan to the debtor A, the claim of A will be recorded in the system database. This information appears in both databases Pa and p. 3· & for the case unit A, the creditor's rights list for this secret loan, P is a summary of the 201027450 case unit credits. 4. After the independent institution has allocated y-bit gold to the case of the creditor's rights, it has obtained the right to benefit from the debt ratio listed in the creditor's directory. 5. The fundraiser chooses the case unit, therefore, the case list is a competitive relationship.动作 Act 501 action 502 is a price/signal action, wherein the action 5〇 is a transaction and the action 5〇2 is not a transaction; the action 5〇3 is a type after the dial-up (four) Na-selling directory; the action 504 is a read Take action 505 for the funding of the transaction # amount multiplied by 乂. ‘, ® 6 ® is the meaning of the total amount of the collection of the debts of the debts of the financial transaction system of the present invention. The diagram is as follows: 1. PA is a list of claims for at least one credit. Lu 2. A collects the principal and interest actually paid by each debtor into the Payback account. 3. The beneficiary rights of the creditor's rights list are separated by the order in which the total recovered amount is allocated. After the prior allocation is fully allocated, the next-order beneficiary right can be allocated. 4. If the same mussel rights list is given priority, the risk of recovery must be less than that of the later recyclers. 5. The first person to be compensated is ΤΙ, T2 is the second 'T3 and then the second, so that TE (equity 201027450 tranche) ° 6. Credit rating agencies on each case unit credit group (Pa, ρβ, pc,.. ), the ratio of τι' T2,...,TE is verified by the same standard, and T1+T2 + ... +TNR= 1 ° 7· Also, the same-age beneficiary rights of the debt list of the unit are not included. Below the same risk threshold, such as T1 is the probability of default is less than 〇〇〇1%; T2 is the probability of default 0.001% _; T3 is the probability of default 〇〇ι% _ ❹ 1%; ΤΕ is the probability of default is greater than 1 %By. 8. When the quality of the claims in the creditor's list of the case unit is not good, the ratio of the priority beneficiary rights of the same standard may be 〇. 9. The benefit rights of each unit of the transaction unit are: τ1α, Τ2α, , τΕα, • and τ1α + Τ2α+...+ ΤΕα=Ρα. 10. The independent unit and the case unit have agreed in advance on the beneficial rights of the independent unit. For example, an independent agency obtains (PA*y) beneficiary rights, and proceeds from TEa in advance, and obtains the sales premium of the remaining PV(i-y)] beneficiary rights. 11. Summarize the benefit rights of the individual units of the case – the risk threshold for the unit. This collective benefit is called TlpOTtfoli. . 12. If TEA > (PA * y), so that the independent agency only obtains part of TEa, the remaining tea& is not aggregated with TEb, TEc, ... of other transaction units. Figure 7 is a schematic diagram showing the interactive relationship between the financial transaction system to which the present invention is applied, the user's leveling institution, and the transaction unit. The following description is a change in the content of the beneficiary rights: 20 201027450 1· Figure 6 illustrates the arrangement after the deadline. However, as the case unit expands during the business period, the overall quality of its claims may increase or decrease with the expansion of its creditor's list. Therefore, the ratio of each order has also changed. 2. When C was loaned to 5,000,000,000, it was found that the TEc approved by the credit rating agency reached 13%. Therefore, it was decided to raise the threshold of subsequent credit lending before the deadline. © 3. To the deadline, C subsequently lends 15,000,000,000, and the TEc approved by the credit rating agency for the entire period is reduced to 9%. 4. TEC = 20,000,000,000 * 9% = < (PA * y) = 20, 〇〇〇, 〇〇〇, 〇 0〇 * 10% 'So the case unit c can divide all the claims to 9% of the independent institutions, and the remaining 91% of the claims The qualified claims of other transaction units have a group of beneficial rights and are concentrated in bidding sales. Repair 5. After the deadline, the contents of the creditor's catalogue have been determined, and the amount and ratio of each order are fixed. However, during the period of the beneficiary right, the credit rating agency may increase or lower the credit rating of each identified benefit (such as T2pOTtfoli. From AA to A), but this is after-the-fact adjustment and handling. The credit decision of the unit and the beneficiary transaction of this platform are irrelevant. Figure 8 is a schematic view showing another operation of the financial transaction system of the present invention as shown in the figure. 21 201027450 The description of the figure is as follows: L & Lin seller is the case unit (A, B, ..) and independent institutions; the transaction is the case for the case unit Pa or the summary of the p, T2, ... benefit The right may also be the benefit of all TEA rights of a certain transaction unit (such as A), or the TEA' TEB, which is owned by an independent institution. 2. The buyer of the right to burn is involved by many parties. ❿ 3. The platform summarizes the sales quotations (amount or interest rate) of the various beneficial rights sellers (A, Β, ... and independent institutions) and the quotations (amount or interest rate) of various beneficiary rights, and performs the combination. The financial shirting system of the present invention uses the beneficiary right to sell the two parties at the same time to bid on the platform mode, thereby allowing the beneficiary right seller to obtain the maximum crediting rights. In the above embodiments, the beneficiary transaction message transmitting/receiving module and/or the beneficiary transaction processing module and/or the claims database are located in the same server φ, or may be located in different servos. In the device, it is implemented in the form of hardware and/or firmware and/or software, depending on the actual implementation. Based on the above embodiments, we can obtain a financial transaction system and method of the present invention, which is applied to the refinancing of the bank loan retail business, and the application of the beneficiary rights bidding platform, in the case of small and medium-sized enterprise funds financing and lending, the financial transaction system And the method enables the transaction unit (for example, the bank) to simultaneously and/or simultaneously use the beneficiary rights bidding trading platform by means of the beneficiary rights bidding platform by means of the simultaneous and/or non-simultaneous bidding platform of the funds borrowing and lending parties. It is provided to the buyer of the beneficiary right, and is also funded by an independent institution (eg, 22,274,450, the head office of the bank, the insurance company, the financing company, the government-established fund). The independent agency, Lin’s counterpart debtor’s letter of bribe, does not <§ The problem of contingent liabilities in the future with a guarantee fund, and avoiding the disadvantages of independent agencies providing credit bribes, and facilitating the prime minister to engage in lending, but can strengthen the target group (for example: excellent middle and small Financing of corporate capital expenditures). The above is only the preferred embodiment of the present invention, and is not intended to limit the scope of the present invention; any equivalent changes or modifications made in the spirit of the present invention should be included in the following Within the scope of the patent. BRIEF DESCRIPTION OF THE DRAWINGS FIG. 1 is a system diagram for explaining the system architecture of the financial transaction system of the present invention; FIG. 2 is a flow chart for showing the financial transaction system using the present invention. The flow chart of the financial transaction method; FIG. 3 is a flow chart for displaying a more detailed process step for explaining the financial transaction method using the financial parent system of the present invention in FIG. 2; FIG. 4 is a schematic diagram For illustrating an embodiment of the financial parenting system of the present invention as illustrated in FIG. 1; FIG. 5 is a schematic diagram showing the maintenance of the creditory directory of the financial transaction system of the present invention as shown in FIG. Figure 6 is a schematic diagram showing the allocation of the total collection amount of the debt list of the transaction unit of the financial transaction system 23 201027450 to which the present invention is applied. FIG. 7 is a schematic diagram showing the application of the present invention. a financial transaction system, and the user is an interactive relationship between the credit rating agency and the transaction unit; and FIG. 8 is a schematic diagram showing the gold of the present invention as illustrated in the figure Another operational scenario trading system. [Major component symbol description] I Financial transaction system ❹ 2 beneficiary rights transaction message transmission/reception module 3 beneficiary transaction processing module 4 debt database 5 server ' 6 investment side 7 beneficiary buyer 8 front-end server ® 9 after End Feeding Machine II 12 Step 21 22 23 24 Step 41 Creditor 42 Creditor Related Information 43 Beneficiary Right Sale Result Data 61 Computer Screen 24 201027450 62 Beneficiary Bid Trading Platform 71 Bid Beneficial Transaction Information 401 Credit 402 Credit Related Information 501 502 503 504 505 action 601 computer screen 602 beneficiary rights bidding trading platform 701 bidding beneficiary rights transaction message A funder A case unit B case unit. C case unit P summary of each case unit credits directory
Pa 債權目錄 ⑩ T1A T2a TEa A案務單位各順位別受益權 Tlp()rtM。 匯總債權目錄的第一順位受益權 25Pa Debt Directory 10 T1A T2a TEa A The transaction unit has the right to benefit Tlp()rtM. Summary of the first order benefit rights of the creditor's directory 25